NOT LISTED FOR SALE

732 W Shiawassee St Unit 2 Lansing, MI 48915

Downtown Lansing Neighborhood

Estimated Value: $142,000 - $161,000

3 Beds
3 Baths
1,608 Sq Ft
$94/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $126,000 $78 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $838/month

4 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Wood Frame Window
  • Front Porch
  • 5-minute walk to Ferris Park

About This Home

As of May 2021

Two story 2 unit. First floor features, hardwood flooring in living room and formal dining, new countertops in kitchen, new stove top, new tub surround, newer carpet in both bedrooms. Second floor features, new tub surround, new carpet, nice size unit. New roof 2019, new siding 2021, new deck in rear 2020, new garage doors 2021. Licensed rental good until 2022. Seller is a licensed agent in the State of Michigan.

Last Listed By

David Hall

Keller Williams Realty Lansing License #6501386398 Listed on: 04/14/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,049

Year Built

  • Built in 1909

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 33x132
  • Back and Front Yard

Home Design

  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,608 Sq Ft Home
  • 2-Story Property
  • Wood Frame Window
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Laundry in Basement
  • Crawl Space

Parking

  • 2 Car Detached Garage
  • Front Facing Garage
  • Gravel Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Front Porch
  • City Lot

Listing and Financial Details

  • Total Actual Rent $19,500

Community Details

Overview

  • 2 Units
  • Claypool Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $788
  • New Taxes Expense $2,049
  • Net Operating Income $16,663

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,049

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Gross Rent: 19500.0
  • Net Income: 16663.0
  • Tax Year: 2020
  • Unit Information License Register Exp: 2021-09-21
  • Levels: Two
  • Year Built: 1909
  • Lot Size Acres: 0.1
  • Lot Size: 33x132
  • Subdivision Name: Claypool
  • Above Grade Finished Sq Ft: 1608.0
  • Architectural Style: Other
  • General Property Info:Lot Size Dimensions: 33x132
  • General Property Info:Above Grade Finished Area: 1608.0
  • Levels:Two2: Yes
  • General Property Info:Spa2: No
  • General Property Info:Waterfront: No
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:In Basement: Yes
  • Laundry Features:Washer Hookup: Yes
  • Flooring:Carpet: Yes
  • Foundation Details:Block4: Yes
  • Electric:_one_00 Amp Service: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Flooring:Vinyl2: Yes
  • General Property Info:Pool Private2: No
  • Flooring:Hardwood: Yes
  • Cooling:None8: Yes
  • Laundry Features:Common Area: Yes
  • Tax Info:Taxes2: 2049.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Two Story Home
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 788.0
  • Annual Inc Expense:Tax Expense2: 2049.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Concrete, Crawl Space, Full
  • Heating: Forced Air, Natural Gas
  • Flooring: Carpet, Hardwood, Vinyl
  • Property Type: Resid/Multi-Family
  • Other Equipment: None
  • Window Features: Wood Frames
  • Private Spa: No
  • Full Basement: Yes
  • Basement:Concrete2: Yes
  • Basement:Crawl Space: Yes
  • Basement:Block2: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: None
  • Foundation Details: Block
  • Lot Features: Back Yard, City Lot, Front Yard
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Front Porch
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Lot Features:Back Yard2: Yes
  • Lot Features:City Lot: Yes
  • Lot Features:Front Yard2: Yes
  • Patio Porch Features:Front Porch: Yes
  • Window Features:Wood Frames: Yes

Garage/Parking

  • Parking Features: Detached, Driveway, Garage Faces Front, Gravel
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:Garage Faces Front: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Detached: Yes
  • General Property Info:Parking Total: 4
  • Parking Features:Garage Spaces2: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: 100 Amp Service
  • LaundryFeatures: Common Area, Electric Dryer Hookup, In Basement, Washer Hookup
  • Utilities: Cable Available
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 1859

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
May 21, 2021
Sold by
Tamburino Christina
Bought by
Terranova Michael
Seller's Agent
David Hall
Keller Williams Realty Lansing
Buyer's Agent
Jonathan Lum
EXIT Realty Home Partners
List Price
$125,000
Sold Price
$126,000
Premium/Discount to List
$1,000
0.8%
Total Days on Market
4
Current Estimated Value
$150,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,565
Avg. Annual Appreciation
4.60%
Original Mortgage
$94,500
Outstanding Balance
$86,484
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$64,081

Purchase Details

Closed on
Jul 17, 2019
Sold by
Michaels Christofer and Michaels Christofer S
Bought by
Tamburino Christina

Purchase Details

Closed on
Jan 25, 1999
Sold by
Tucker William L and Tucker Lynn A
Bought by
Michaels S Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,750
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 14, 1995
Sold by
Tucker William and Tucker Lynn A
Bought by
Michaels Christofer

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Terranova Michael $126,000 Ata National Title Group Llc
Tamburino Christina $46,500 Transnation Title Agency
Michaels S Christopher $45,000 --
Michaels Christofer $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terranova Michael $94,500
Previous Owner Michaels S Christofer $59,673
Previous Owner Michaels S Christofer $8,300
Previous Owner Michaels S Christopher $60,000
Previous Owner Michaels S Christofer $9,750
Previous Owner Michaels S Christopher $55,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $126,000 +0.8% $78 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $125,000 -- $78 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $39 $63,200 $3,800 $59,400
2023 $4,507 $56,700 $3,800 $52,900
2022 $4,118 $50,900 $4,400 $46,500
2021 $3,470 $45,300 $5,600 $39,700
2020 $3,445 $41,500 $5,600 $35,900
2019 $2,033 $41,100 $5,600 $35,500
2018 $1,925 $37,900 $5,600 $32,300
2017 $1,845 $37,900 $5,600 $32,300
2016 $1,769 $37,300 $5,600 $31,700
2015 $1,769 $35,800 $11,215 $24,585
2014 $1,769 $36,800 $13,750 $23,050
Source: Public Records

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Source: Greater Lansing Association of Realtors®

MLS Number: 254478

Greater Lansing Association of Realtors®

APN: 01-01-17-232-111